📉 Pepe coin has sparked investor concerns amid the crypto market’s bearish trend on June 18. The frog-themed meme coin has shown signs of a correction, with bearish sentiments amplified by a whale’s colossal selloff of over 1 trillion PEPE to Binance.

🐳 Whale Alert data shows 1.15 trillion PEPE, worth $12.34 million, was dumped by an unknown address, causing significant selling pressure and reduced market confidence. Despite this, the whale still holds 6.77 trillion PEPE and 2.19 trillion SHIB, among other tokens.

📊 PEPE’s price dipped 9.21% in the past 24 hours to $0.00001055, with daily lows and highs of $0.000009865 and $0.00001176, respectively. Coinglass data indicates substantial liquidations totaling $6.78 million, contributing to the price correction.

📉 Futures OI for PEPE dropped 14.52% to $109.67 million, while derivatives volume spiked 79.19% to $1.96 billion due to speculative trading. The RSI at 38 signals downside pressure, potentially leading to oversold conditions and a price rebound if the market recovers.